Introducing our latest investment

The retirement crisis in America is no longer looming—it's here. With over 10,000 baby boomers turning 65 every day and nearly half of U.S. households at risk of not being able to maintain their standard of living in retirement, the need for innovative solutions has never been greater. That’s why we invested in Retirable, a company redefining how people approach financial wellbeing in retirement.

Read more about why we invested in Retirable.


This month our team gathered in Chicago for our quarterly retreat. We enjoyed team time over lunches and meetings, an outing to the Chicago Sky game, and we particularly had fun participating in an ice breaker where we played our "walk-up" songs. You can enjoy the team's playlist on Spotify.


 

Santa Monica Community College president Dr. Kathryn E. Jeffery gave our education planning portfolio company Stellic a prominent shoutout in her 2025 Commencement Address, thanking them for combing through student data to identify students who had completed their degree requirements but slipped through cracks and would not have otherwise received their degrees (watch video here).

"Stellic, through their extensive review of our students' schedules and the courses that our students were taking, they were able to recognize and identify an additional 2,000 graduates this year. That's a big deal."

Carbon Direct, the climate strategy solution provider, published a deep dive analysis into the freshly-passed reconciliation bill which rolls back a number of clean energy incentives included in the 2022 Inflation Reduction Act.

Carbon Direct also previews the upcoming IRS public comment period as key in shaping how these updated regulations may be implemented. "It is important that impacted companies weigh in during these public comment periods, not only to help inform and influence the final rules issued by the Administration, but also to build an administrative record that could support litigation efforts to strike down the final rules."

Measurabl, the real estate data analyzer, launched a free sustainability tool which achieved the fastest adoption rate ever in the company's 13 year history. Within its first four weeks, new users to the platform onboarded 5,700 buildings encompassing 1 billion square feet of property across 34 countries. Measurabl co-founder and CEO Matt Ellis says, referencing concerns about a possible EPA defunding of the ENERGY STAR program, "The world has changed. Sustainability now has to align directly with business value — and access to data can’t be a barrier.